Pines Wealth Management LLC Makes New $282,000 Investment in iShares U.S. Infrastructure ETF (BATS:IFRA)

Pines Wealth Management LLC acquired a new stake in shares of iShares U.S. Infrastructure ETF (BATS:IFRA) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 6,218 shares of the company’s stock, valued at approximately $282,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Renaissance Technologies LLC purchased a new stake in shares of iShares U.S. Infrastructure ETF during the 2nd quarter worth about $977,000. Wealth Alliance grew its stake in iShares U.S. Infrastructure ETF by 1.3% during the second quarter. Wealth Alliance now owns 37,258 shares of the company’s stock worth $1,569,000 after buying an additional 477 shares during the period. Clifford Group LLC grew its stake in iShares U.S. Infrastructure ETF by 12.2% during the second quarter. Clifford Group LLC now owns 9,547 shares of the company’s stock worth $402,000 after buying an additional 1,035 shares during the period. AE Wealth Management LLC increased its position in shares of iShares U.S. Infrastructure ETF by 10.0% in the second quarter. AE Wealth Management LLC now owns 146,274 shares of the company’s stock worth $6,161,000 after acquiring an additional 13,343 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its stake in shares of iShares U.S. Infrastructure ETF by 0.4% in the 2nd quarter. Thrivent Financial for Lutherans now owns 148,909 shares of the company’s stock valued at $6,272,000 after acquiring an additional 593 shares during the period.

iShares U.S. Infrastructure ETF Price Performance

BATS:IFRA opened at $47.39 on Thursday. The firm has a market cap of $2.60 billion, a price-to-earnings ratio of 16.71 and a beta of 0.89. The company’s fifty day simple moving average is $48.54 and its two-hundred day simple moving average is $46.49.

iShares U.S. Infrastructure ETF Company Profile

The iShares U.S. Infrastructure ETF (IFRA) is an exchange-traded fund that is based on the NYSE FactSet U.S. Infrastructure index. The fund tracks an index of US-listed infrastructure companies that derive a significant portion of their revenue from within the US. IFRA was launched on Apr 3, 2018 and is managed by BlackRock.